The Washington Post reported a timely article  Appraisers Blamed for Killing Market Recovery.  Though brief and simple, this article is one of the most real world and correctly reported stories of the year.  In the real world of real estate, appraisers hold the entire business in the palm of their hands.   And as this article suggests, [...]

My email inbox has been inundated the past few days with reports of a landmark bill, HR 1728, that is supposedly the end of creative real estate as we know it.   Many of my students are looking for my take on this…
First off, I strongly encourage everyone to exercise their rights as American citizens to voice [...]

 
As reported by the Washington Post on May 15, 2009, under new guidelines issued for the Obama administration’s $75 billion housing plan, the government may begin issuing incentives to banks to approve short sales.
 
Hallelujah!
 
The proposed solution would include giving 1st mortgages a $1000 bonus for approving a short sale as well as sharing in the [...]

Is there a second wave of mortgage defaults on the horizon?  According to the following “60 Minutes” report, not only is the answer YES, but it may be as big as the first one.
http://www.cbsnews.com/video/watch/?id=4668112n
The first wave of mortgage defaults was the sub prime meltdown.  Those were the loans given to borrowers with low credit scores [...]

Obama’s new economic stimulus plan is in full affect and many short sale investors are wondering how this will change their business.   This ”American Recovery and Reinvestment Act of 2009″ was designed to stabilize the housing market and restore consumer confidence in homeownership.  That’s why they increased the tax credit for first-time homebuyers to $8,000 and [...]